*October 2017 has been an innovative month for the Cayman Islands. Therefore, we are ready to reveal the governmental initiatives that will transform doing financial business in this country.* First of all, we should mention the new AML/CTF country whitelist. What is the main point of this **legal change**? Business registered in the **Cayman Islands** will now be spared of the long and comp...

...rtual currency exchanges were classified as information providers so they didn’t fall under the jurisdiction of the financial regulator. The new bill categorizes cryptocurrency as digital assets which makes crypto exchanges recognized as regulated financial business. The legal framework will require exchanges to enhance their security systems. Crypto exchanges and service providers to report...

The Republic of Vanuatu is seeking a reputation of financial business hub. Therefore, the government is supporting the development of financial institutions in the country.Description In the Republic of Vanuatu, a company has the obligation to submit quarterly and annual reports to Vanuatu Financial Services Commission (VFSC), as well as audited financial statements by the end of rele...